How should the county handle the outstanding encumbrances

Assignment Help Financial Accounting

Reference no: EM132664538

Problem 1: Based on county laws, the encumbered portion of unexpended appropriations remain open for expenditure in the following year. A county has $3,650,000 of outstanding encumbrances at year-end, December 31, 2008. It expects to accept delivery on all orders in 2009. How should the county handle the outstanding encumbrances in its General Fund balance sheet at December 31, 2008?

Reference no: EM132664538

Questions Cloud

What is the constant annual rate of decline : What the constant annual rate of decline that investors anticipate in the dividends of Press F is %. (Round to two decimal places.)

Legal ethics-patients rights and hiv-aids : Analyze the primary way in which different staffing levels may play pivotal roles in upholding ethical conduct, including treating patients with dignity.

How much is the adjusted total expenses : How much is the 20x1 adjusted total expenses? Yna Co. records all disbursements using nominal accounts (i.e., expense method).

How does one become a member of the board : Nursing is a very highly regulated profession. There are over 100 boards of nursing and national nursing associations throughout the United States.

How should the county handle the outstanding encumbrances : Based on county laws, How should the county handle the outstanding encumbrances in its General Fund balance sheet at December 31, 2008?

Find how much will have accumulated in rrsp : You save $5 at the end of each day, Find how much will you have accumulated in your RRSP if the funds are invested at 5% per year compounded daily?

Ehr and knowledge management : Identify and describe the stakeholders involved in collecting and the stakeholders involved in contributing to data collection in the EHR system.

Find what monthly payment receive from ordinary annuity : Invested at 4.2% per year compound monthly, what monthly payment will you receive from an ordinary annuity if your life expectancy is to age 95?

Explain basic components and benefits of ehr system : Describe and explain the basic components and benefits of an EHR System. Examine and discuss briefly the HIE and the need for standards.

User Account

All Pages